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You're saying the speedometer is the only instrument that needs to be scanned regularly?In practice, I'd hazard a yes.
Keyword: regularly...unless you're driving something that's pissing oil all over the place and/or has a cooling system that's out of service, at which point you clearly have much bigger maintenance problems and probably shouldn't be on the road with that vehicle anyways (perhaps even in a lawful sense).
> I would've said that the speedometer really isn't needed - if you go with traffic and don't hang out in the passing lane, you're never going to get in trouble.
The obvious naivety here is a dependency on another driver ahead of you both maintaining situational awareness and doing the right thing...never mind sparse traffic scenarios, e.g. super late/early hours, neighborhoods, small towns, rural areas, etc. In the case of incident, the police won't care; your insurance provider won't care.
> It's a lot more important to me to know if I've lost oil pressure or am overheating.
Contrived. There's a reason why high-contrast event indicators (termed "telltale" as defined by US FMVSS statutory regulation[1]) baked directly into every passenger vehicle which control for permissible location, identification, color, and illumination targeting driver visibility. These discrete telltales are explicitly designed to ping a driver's peripheral vision with the intent of eliminating a need for active monitoring in practice.
[1] https://www.ecfr.gov/current/title-49/subtitle-B/chapter-V/p...